GAIL in a corner-I: Indecisiveness will take the company nowhere

Nov 04: The more time that GAIL spends in indecisiveness when it comes to hiring an LNG fleet to offtake its committed US volumes of gas, the more difficult it will be for the company to extricate itself from the hole it seems to be have dug itself into.8Latest data shows that the world is staring at a severe of shortage of LNG vessels 8This is compounded by the fact that the number of orders placed for new LNG vessels has come down from 61 in 2014, 21 in 2015 to just five new carriers until September of this year.8Orders placed now will be delivered only in 2019. 8Since LNG vessels take three years build, GAIL seems to have already missed the bus.Click on Reports for more information